Alaturka Ekonomi Haberleri

By Gokhan Ergocun

ISTANBUL (AA) – Turkey's benchmark stock index dropped 0.34 percent or 324.57 points to open at 94,649.89 points on Tuesday.

On Monday, Borsa Istanbul's BIST 100 index fell 0.46 percent to close the day at 94,974.45 points with a daily trading volume of 7 billion Turkish liras ($1.33 billion).

The U.S. dollar/Turkish lira exchange rate dropped to 5.2470 as of 9.30 a.m. local time (0630GMT), compared with Monday's closing rate of 5.2810.

The euro/Turkish lira exchange rate was 5.9790, versus 5.9850 at the last close. One British pound traded for 6.7020 Turkish liras, as the GBP/TRY exchange rate was 6.7040 by market close on Monday.

The price of Brent oil rose by over 6 percent to $62.33 per barrel as of 10.00 a.m. local time (0700GMT) Tuesday, versus $61.68 on Monday's closing.